Archer Daniels Midland Co (ADM)

[kel4]

Oil refiners buy RIN credits from ethanol producers

US ethanol credits surge 1,400% this year

http://nicosiamoneynews.com/2013/03/06/us-ethanol-credits-surge-1400-this-year/

That is, refiners buy RIN credits from ethanol producers and use this as proof that they’re complying with the national fuel laws. The good news is that RIN credits have been relatively inexpensive, until recently. The bad news is that RIN prices have recently exploded. From a little over a penny in June 2012, the cost of compliance is up to $1.10 as of the first week of March

http://dailyreckoning.com/fill-it-up-with-deathanol/